[ad_1]
one hour wey don pass
Wia dis foto comes from, Getty Images
Former US President Donald Trump is not telling Fox Business that I see Bitcoin as a “scam” that affects the value of the US dollar.
“Bitcoin is just like a scam,” oga Trump said. “I don’t like it because another currency is competing with the dollar.”
He adds that I want the dollar to be “the currency of the world”.
I comment that they come after saying that El Salvador is considering making the cryptocurrency legal tender.
The price of Bitcoin has not fallen since early May and so far it has not recovered.
The reason cryptocurrency is dropping many pipo is because China bans banks and payment companies from not providing services related to cryptocurrency transactions, electric car maker Tesla also announces that I will not accept the currency a week before the day.
Is Bitcoin Threatening the Currency? Dis na wetin experts think.
Wia dis foto comes from, Getty Images
Wetin we call say foto,
People have fun for the 2021 Bitcoin Convention, a cryptocurrency conference for the Miami week
Justin Urquhart-Stewart, co-founder of Seven Investment Management and the regional investment platform, said that Bitcoin threatens and destabilizes currencies “because the same way and start, and create popular appeal without no correct financial strength “.
He blames the rise of Bitcoin on pipo like Elon Musk “behaves stupidly”, and makes the public say that the cryptocurrency is trustworthy.
“Bitcoin is dangerous because it tries to create a level of credibility at an unreliable and totally unfounded value,” he told the BBC.
He says a lot of young people like technology “like hobbyist technologists,” they take big risks because they are not properly educated about finance.
Oga Urquhart-Stewart strongly believes that the national curriculum involves education on how to develop family finances over generations.
“We now have a young generation of punters, we have no knowledge of financial planning and development,” added Urquhart-Stewart.
“Dey sabi how to buy and sell things, but they have no idea how to build long term wealth.”
No threat to the dollar
Wia dis foto comes from, AFP
Wetin we call say foto,
Mr Wilson says Bitcoin adjustment poses small threat to gold
Neil Wilson, chief market analyst for Markets.com, believes Bitcoin is not a currency.
Before bitcoin can qualify as a currency, you must perform the following functions:
A unit of account Provide a good store of value Be a means of payment
“I call Bitcoin plus security, like a stock or a bond,” Oga Wilson said.
“Although many pipo for the world like, they are too volatile to be a currency – they move like most stocks.”
I say with Bitcoin most pipo buy, adapt and invest, instead they always spend.
He doesn’t say cryptocurrency threatens the dollar like Trump tok, although it is a small threat to gold
“Things don’t look like doing oda pipo dey creating money – they try to put up with cryptocurrencies for a while, but they end up establishing their own digital currencies and are going to squeeze Bitcoin comot for their margins.”
[ad_2]
picture credit